Indonesia May Sell Its Stakes
In QAF and First Pacific

By

Grainne McCarthy Dow Jones Newswires

Updated Feb. 17, 2000 2:57 a.m. ET

JAKARTA, Indonesia -- The Indonesian Bank Restructuring Agency is considering divesting itself of its stakes in two listed Salim Group companies before the end of March, said Cacuk Sudarijanto, the chief of IBRA.

Mr. Cacuk said the agency may sell its 20% stake in Singapore-based listed food producer QAF Ltd. and its 9% stake in Hong Kong-listed trade and finance company First Pacific Co. in order to meet a government target of...